Even being at faang with a tc of 230k i am not sure how in the future i can afford a 4br house near work or in redmond/bellevue area. I wonder how do non faang engineers who earn lesser or just regular people afford housing in seattle area? Currently i cant find anything decent below 1 mil in redmond/kirkland/bellevue etc.
How about your spouse? Housing market is based on 2 person income because many potential clients are earning over 400k together, at least who can afford in those areas!
My wife makes around 60k and im at 235k. Total tc just below 300k. I also have 200k of amazon in shares which i plan to use for house purchase. But if i use all that to buy a 1 mil+ house ill be house poor as i got 3 kids. Also i plan to switch to msft as im done with my 4 years at amazon and my tc for year 5 is like 190k something.
Ya, 1 mil+ is too much. Only FAANG couples can afford that!
Tacoma 🤡
Being close to work i.e amazon/msft is my top priority. Seems like the price range in this area is over a mil for my needs, unless im not looking correctly?
Why not look at cheaper neighborhoods? Plenty of places with cheaper housing. Living in the most desirable location is a want, not a need.
Can u plz recommend a few? Im new here. Also where do most msft/amzn ppl live?
Issaquaha or Sammamish ?
Choose one: 1. Have parents who can help financially with the down payment 2. Both husband and wife work and have higher household TC 3. Move out to Bothell / Lynnwood / Renton / Kent 4. Become house poor
I think we're pushing the boundaries of entitlement with this one.
Bothell.
Best option for affordable price.
I have many indians recommend me Bothell? Is it quite famous among just indians or is it an upcoming hot property area?
How about a two bedroom apartment? It is what you really need, anything more is useless luxury and you should pay through the nose for it. 🍆
With Amazon's salary cap of 170k or whatever, do most amazonians use their RSUs when buying a house? You can't afford much on sde2 TC. Also, plenty of tech companies in Seattle that pay better than Amazon and not F/G.
Your WANTS are high. Chk your NEEDs, you will find something affordable. There are million people who are not in FAANG and live here.
Not really. I need a 4 br in decent shape. But seems like the avg price is around 1 mil for anything over 3k sq ft. Are there any other areas i should consider?
How many kids do you have? You may need lots of bedrooms, but you absolutely don't need _three thousand_ square feet. Huge families have been raised in a lot less space.